Bitcoin was blocked from breaking through $100,000, and the pullback is accumulating momentum for a higher breakthrough

Bitcoin once touched $99,588, close to the $100,000 mark, but failed to break through. The market showed a fierce game between long and short positions, and the price entered a consolidation phase.

Technical analysis:

BTC is currently priced at about $98,194, still in a bullish trend. The daily chart shows that the price remains above EMA7, indicating that the market has the potential to rise. The 4-hour chart MACD is close to the zero axis, and the RSI is slightly overbought, but has not reached extreme levels, indicating that short-term caution is needed.

Selling pressure and pullback:

In the range of $99,300 to $100,000, Bitcoin faces greater selling pressure, which is a common phenomenon near key psychological prices. Despite the short-term pullback, long-term holders are still bullish.

Long-term prospects:

Analysts believe that the sentiment of long-term Bitcoin holders is gradually "greedy", and Bitcoin is expected to reach the market peak in 8-11 months, and may reach a new high in 2025. Some analysts predict that Bitcoin is expected to break through $100,000 in the future, or even $120,000.

Pullbacks are opportunities: Market volatility provides investors with good buying opportunities. In a bull market, pullbacks are usually necessary adjustments for further price increases, and investors may consider increasing their positions during pullbacks.

Summary: Although Bitcoin has failed to break through $100,000, market sentiment is positive and bullish in the long term. With increased institutional investment, Bitcoin is expected to continue to rise. Investors should focus on long-term trends and seize opportunities in market fluctuations. #NOT市场动态 #比特币关键区间 #GameFi板块信号 (Early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis)